price support

noun

Definition of price support

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Examples of price support in a Sentence

Recent Examples on the Web

Farmers and supporters rally in 1983 in Iowa, seeking price supports for crops and a moratorium on farm foreclosures. Jacob Bunge, WSJ, "How Farm Aid Became a Fixture," 26 July 2018 Analysts said monthly government data last week that showed U.S. oil production fell to 10.4 million barrels a day in May from 10.5 million in April is also providing price support. Christopher Alessi, WSJ, "Oil Rises on Saudi Output, Iran Sanctions," 6 Aug. 2018 In 2012 Congress put limits on CCC purchases of surplus commodities and on price supports after the Obama Administration used it for a costly 2009 disaster program without Congressional approval. The Editorial Board, WSJ, "Dust Bowl Economics," 11 July 2018 The analysis showed a pattern of bitcoin price support, Griffin said. Matt Robinson And Matthew Leising, latimes.com, "Bitcoin's price has been manipulated with another cryptocurrency: tether, professor says," 13 June 2018 Like all oil producers, Statoil is reaping the benefits of a rally in crude prices supported by production cuts from OPEC and its partners and geopolitical tensions. Mikael Holter, Houston Chronicle, "Statoil shows better days within Big Oil's grasp," 25 Apr. 2018 With the demise of price supports in the 1990s, the U.S. mohair industry fell apart. Lynn Brezosky, San Antonio Express-News, "Hill Country sheep and goat ranchers find a hot market," 9 Feb. 2018 With a broad range of authorities, the CCC could assist farmers today in a number of ways, including using a price support tactic similar to the one employed during the Depression. Natasha Bach, Fortune, "Trump's Potential Answer to Farmers' Trade War Woes? This Depression-Era Aid Program," 12 Apr. 2018 The loans, at 10 cents per pound, were above the average market price, and served as a form of price support to farmers. Natasha Bach, Fortune, "Trump's Potential Answer to Farmers' Trade War Woes? This Depression-Era Aid Program," 12 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price support.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of price support

1927, in the meaning defined above

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Last Updated

20 Dec 2018

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Time Traveler for price support

The first known use of price support was in 1927

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